Mahindra & Mahindra announced the launch of DiGiSENSE, a technology solution that connects Mahindra vehicles, tractors, trucks and construction equipment to the cloud. The new digitally enabled sending technology will be available across Mahindra range of mobility products from commercial and passenger vehicles to tractors and construction equipment.

According to the latest forecast by Off-Highway Research, in terms of percentage growth, India is expected to be the most buoyant major construction equipment market in the near-term, with 21 per cent growth forecast this year, and further improvements out-pacing global average growth in 2017 and 2018. It is expected to be the only major construction equipment market to show growth in 2016.

Leoni AG realised on August 12, 2016 that it had become the victim of fraudulent activity with the help of falsified documents, identities and the use of electronic communication channels. As a result, company funds were transferred to accounts abroad.

A new SmartGearbox featuring a unique oil condition monitoring system has been launched by Renold Gears. The patented technology is 60 times more sensitive to oil contamination than a standard dielectric sensor and provides an all-round view of gearbox oil performance.

ExxonMobil Lubricants announces the launch of Mobil Serv Lubricant Analysis, its new mobile-enabled used oil analysis service, in India. The new service helps enhance efficiency and simplify the user experience by replacing a paperwork-heavy approach with a simple, intuitive mobile-enabled service platform that reduces the number of steps in the used oil analysis process.

A new report by Allied Market Research projects that the world smart material market is expected to generate revenue of $72.63 billion by 2022, with an estimated CAGR of 14.9 per cent from 2016 to 2022.